Finally the sale completed on my house in Southville last October yet the purchaser is telephoning every few hours to say his solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your sale your solicitor should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion formalities specific conveyancing in Southville.
How do I discover of the solicitor carrying out my conveyancing in Southville is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £192.00 in supplemental conveyancing invoice.
You should make the most of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Southville’ or your location and you will be presented with numerous conveyancers offices in Southville or nearest you.
This question may be naive but I am unexperienced as a first time buyer of a two bedroom flat in Southville. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will find a High Street conveyancing solicitor in Southville?
On the day of completion you do not need to go to the conveyancers office in Southville. Your solicitors will transfer the purchase money to the owner’s lawyers, and once they have received this, you will be called to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I have paid off my mortgage with Lloyds. I assume I don't need a Southville conveyancing practitioner on the Lloyds panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Southville off the council. I have a mortgage offer with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
I'm buying my first flat in Southville with a mortgage from Yorkshire Building Society. The developers refused to move on the price so I negotiated 6k of additionals instead. The house builders rep told me not disclose to my conveyancer about this deal as it could affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What happens where there is an issue with the searches carried out as part of my conveyancing in Southville?
Normally, almost all issues that arise in Southville conveyancing search results can be addressed before completion or indemnity insurance could possibly be put in place. You need to remember that although you intend on buying the property and might be content to live with the search results, your lender may not, and when all said and done the decision rests with them.